NOT LISTED FOR SALE

197 Village St Medway, MA 02053

Estimated Value: $501,000 - $573,000

3 Beds
3 Baths
1,635 Sq Ft
$332/Sq Ft Est. Value

Last Sold December 12, 2022

Last sale price $450,000 $275 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,472/month

33 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Property is near schools
  • John D. McGovern Elementary School Rated A-
  • Shops
  • Heating Available

About This Home

As of December 2022

Wonderful 2 family home in Medway, with Charles River behind it, and a short walk to the post office or for a slice of pizza or to the Medway T shuttle. The home itself has wonderful character and is in nice condition. A roof was put on in 2016. Long term tenants are on a month-to-month lease. The upper floor has 1 bedroom, 1 bath, kitchen and living room. There is also a walk-up attic. The first floor has kitchen, living room, 2 bedrooms and a bath and good size deck. Walk down from first floor to walk out basement with additional finished space, bath and laundry. The home is vinyl siding and the yard is on the smaller side- both which make for easy upkeep!

Last Agent to Sell the Property

Kathleen McBride

RE/MAX Executive Realty Listed on: 07/13/2022

RE/MAX Executive Realty

Last Buyer's Agent

Jennifer Erickson

Oaklawn Real Estate License #449538114

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,961

Year Built

  • Built in 1830

Lot Details

  • 10,019 Sq Ft Lot
  • Sloped Lot

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,635 Sq Ft Home
  • Property has 2 Levels
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating Available

Additional Features

  • Deck
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $2,750
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 3162549

Community Details

Building Details

  • Insurance Expense $1,652
  • Water Sewer Expense $4,656
  • Operating Expense $4,656
  • Net Operating Income $28,344

Additional Features

  • 2 Units
  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,961

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1830
  • Buyer Agency: 2.5
  • Dual Variable: Yes
  • Transaction Broker: 2.5
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Flooring: Tile,Vinyl,Carpet,Hardwood, Unit 1(undefined), Unit 2(Tile Floor,Wall to Wall Carpet,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Ceiling Fans,Pantry,Storage,Bathroom with Shower Stall,Bathroom With Tub), Unit 2(Stone/Granite/Solid Counters,Walk-In Closet,Bathroom With Tub), Unit 1 Rooms(Living Room,Kitchen,Family Room,Office/Den), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 2(Range,Refrigerator), Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup, Unit 1(Washer Hookup,Dryer Hookup)
  • Basement: Full, Finished
  • Living Area: 1635
  • Stories Total: 3
  • MAIN LO: BB1175
  • LIST PRICE PER Sq Ft: 275.23
  • PRICE PER Sq Ft: 275.23
  • MAIN SO: AN1937

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Cooling: Unit 1(None), Unit 2(None)
  • Heating: Unit 1(Electric), Unit 2(Oil)
  • Cooling Y N: No
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Shopping, Highway Access, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 4656

Lot Info

  • Parcel Number: 3162549
  • Zoning: ARII
  • Farm Land Area Units: Square Feet
  • Lot Features: Sloped
  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 10019
  • Lot Size Units: Acres
  • PAGE: 412
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5961.05
  • Tax Book Number: 35879

Multi Family

  • Gross Income: 33000
  • Insurance Expense: 1652
  • Net Operating Income: 28344
  • Number Of Units Total: 2
  • Operating Expense: 4656
  • Total Actual Rent: 2750
  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2018
Sold by
Caulfield Michael J and Lavezzo Gina M
Bought by
Kampersal Alexander
Current Estimated Value
$542,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,294
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 3, 2010
Sold by
Currul Brandon S and Ghelli Melinda
Bought by
Caulfield Michael J and Lavezzo Gina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,400
Interest Rate
4.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 21, 2005
Sold by
Luce Jennifer J
Bought by
Currul Brandon S and Ghelli Melinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2003
Sold by
Brereton Richard S and Brereton Denise E
Bought by
Luce Jennifer J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,600
Interest Rate
5.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 1998
Sold by
Lombard Kevin J
Bought by
Brereton Richard S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kampersal Alexander $315,000 --
Caulfield Michael J $212,000 --
Currul Brandon S $330,000 --
Luce Jennifer J $308,000 --
Brereton Richard S $138,210 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zoubareva Elena $26,709
Open Zoubareva Elena $427,500
Closed Kampersal Alexander $298,429
Closed Kampersal Alexander $309,294
Previous Owner Caulfield Michael J $184,000
Previous Owner Caulfield Michael J $201,400
Previous Owner Currul Brandon S $297,000
Previous Owner Luce Jennifer J $246,400
Previous Owner Luce Jennifer J $46,200
Previous Owner Brereton Richard S $292,600
Previous Owner Brereton Richard S $185,250
Previous Owner Brereton Richard S $175,500
Previous Owner Brereton Richard S $131,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2022 12/12/22 Sold $450,000 0.0% $275 / Sq Ft
08/16/2022 08/16/22 Pending -- -- --
08/09/2022 08/09/22 Price Changed $450,000 -5.3% $275 / Sq Ft
07/13/2022 07/13/22 For Sale $475,000 -- $291 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,268 $435,300 $261,300 $174,000
2023 $6,089 $382,000 $225,200 $156,800
2022 $5,961 $352,100 $201,000 $151,100
2021 $5,406 $309,600 $180,900 $128,700
2020 $5,107 $291,800 $160,800 $131,000
2019 $4,916 $289,700 $160,800 $128,900
2018 $4,682 $265,100 $140,700 $124,400
2017 $4,514 $251,900 $130,700 $121,200
2016 $4,352 $240,300 $125,800 $114,500
2015 $4,212 $230,900 $118,600 $112,300
2014 $4,559 $242,000 $124,600 $117,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73005571

MLS Property Information Network (MLS PIN)

APN: MEDW-000060-000000-000107